Artificial Intelligence in Manufacturing Market, by Component, Technology (ML, Computer Vision, NLP), Application (Cybersecurity, Robot, Planning), Industry (Electronics, Energy, Automotive, Metals and Machine, Food and Beverages) - Global Forecast to 2027

  • Report ID:MRICT - 104281
  • Pages: 212
  • Jun 2020
  • Formats*: PDF
  • Category: Information & Communications Technology
  • Delivery: 2 to 4 Hours

1. Introduction 
    1.1. Market Ecosystem 
    1.2. Currency and Limitations 
           1.2.1. Currency 
           1.2.2. Limitations 

2. Research Methodology 
    2.1. Research Process 
           2.1.1 Data Collection & Validation 
           2.1.2. Secondary Research 
           2.1.3. Primary Research 
           2.1.4. Market Size Estimation 
           2.1.5. Bottom-Up Approach 
           2.1.6. Top-Down Approach 
           2.1.7. Growth forecast 
           2.1.8. Assumptions for the Study 

3. Executive Summary 
    3.1. Overview 
    3.2. Market Analysis, by Component 
    3.3. Market Analysis, by Technology 
    3.4. Market Analysis, by Application 
    3.5. Market Analysis, by Industry Vertical 
    3.6. Market Analysis, by Geography 
    3.7. Competitive Analysis 

4. Market Insights 
    4.1. Introduction 
    4.2. Market Dynamics 
           4.2.1. Drivers 
                    4.2.1.1. Advent of Industrial 4.0 
                    4.2.1.2. Increasing Huge and Complex Amount of Dataset 
                    4.2.1.3. Rising Adoption of Industrial IoT 
           4.2.2. Restraint 
                    4.2.2.1. Lack of Infrastructure and High Procurement & Operating Cost 
           4.2.3. Opportunity 
                    4.2.3.1. Growth in Operational Productivity in Manufacturing Operations 
                    4.2.3.2. Rising Demand of AI Based Applications 
           4.2.4. Challenge 
                    4.2.4.1. Concerns Over Data Privacy and Security Breach 
           4.2.5. Trends 
                    4.2.5.1. Growing Usage of Computer Vision in Manufacturing 
                    4.2.5.2. Rising Adoption of 5g Technology 
    4.3. Impact of Covid-19 On Artificial Intelligence in Manufacturing Market 
    4.4. Key Innovations 
    4.5. AI Supply Chain in Manufacturing 

5. Artificial Intelligence in Manufacturing Market, by Component 
    5.1. Introduction 
    5.2. Software 
           5.2.1. AI Platforms 
           5.2.2. AI Solutions 
    5.3. Services 
           5.3.1. Deployment & Integration 
           5.3.2. Support & Maintenance 
    5.4. Hardware 
           5.4.1. Networking 
           5.4.2. Memory 
           5.4.3. Processors 

6. Artificial Intelligence in Manufacturing Market, by Technology 
    6.1. Introduction 
    6.2. Machine Learning 
    6.3. Computer Vision 
    6.4. Natural Language Processing 
    6.5. Context-Aware Computing 

7. Artificial Intelligence in Manufacturing Market, by Application 
    7.1. Introduction 
    7.2. Predictive Maintenance & Machinery Inspection 
    7.3. Quality Management 
    7.4. Industrial Robot 
    7.5. Production Planning 
    7.6. Material Handling 
    7.7. Cybersecurity 
    7.8. Field Services 

8. Artificial Intelligence in Manufacturing Market, by Industry Verticals 
    8.1. Introduction 
    8.2. Automotive 
    8.3. Heavy Metals & Machine Manufacturing 
    8.4. Energy& Power 
    8.5. Semiconductors & Electronics 
    8.6. Food & Beverages 
    8.7. Medical Devices 
    8.8. Pharmaceuticals 

9. Artificial Intelligence in Manufacturing Market, by Geography 
    9.1. Introduction 
    9.2. North America 
           9.2.1. U.S. 
           9.2.2. Canada 
    9.3. Europe 
           9.3.1. U.K. 
           9.3.2. Germany 
           9.3.3. France 
           9.3.4. Italy 
           9.3.5. Spain 
           9.3.6. Rest of Europe 
    9.4. Asia Pacific 
           9.4.1. China 
           9.4.2. India 
           9.4.3. Japan 
           9.4.4. South Korea 
           9.4.5. Rest of Asia Pacific 
    9.5. Latin America 
    9.6. Middle East & Africa 

10. Competitive Landscape 
      10.1. Introduction 
      10.2. Key Growth Strategies 
      10.3. Competitive Benchmarking 
      10.4. Market Ranking 

11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
      11.1. Alphabet, Inc. 
      11.2. Ibm Corporation 
      11.3. Intel Corporation 
      11.4. Microsoft Corporation 
      11.5. Nvidia Corporation 
      11.6. Oracle Corporation 
      11.7. Amazon Web Services, Inc. (Amazon.Com, Inc.) 
      11.8. Siemens AG 
      11.9. General Electric Company 
      11.10. Sap SE 
      11.11. Robert Bosch Gmbh 
      11.12. Cisco Systems, Inc. 
      11.13. Rockwell Automation, Inc. 
      11.14. Advanced Micro Devices, Inc.(AMD) 
      11.15. Sight Machine, Inc.       

12. Appendix 
      12.1. Questionnaire 
      12.2. Available Customization

List of Tables

Table 1 Currency Conversion Rate, 2016-2018 
Table 2 Global AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 3 Global AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 4 Global AI in Manufacturing Software Market Size, by Country/Region, 2018-2027 ($Million) 
Table 5 Global AI Platform in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million) 
Table 6 Global AI Solutions in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million) 
Table 7 Global AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 8 Global AI in Manufacturing Services Market Size, by Country/Region, 2018-2027 ($Million) 
Table 9 Global AI in Manufacturing Deployment & Integration Services Market Size, by Country/Region, 2018-2027 ($Million) 
Table 10 Global AI in Manufacturing Support & Maintenance Services Market Size, by Country/Region, 2018-2027 ($Million) 
Table 11 Global AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 12 Global AI in Manufacturing Hardware Market Size, by Country/Region, 2018-2027 ($Million) 
Table 13 Global AI in Manufacturing Networking Hardware Market Size, by Country/Region, 2018-2027 ($Million) 
Table 14 Global AI in Manufacturing Memory Hardware Market Size, by Country/Region, 2018-2027 ($Million) 
Table 15 Global AI in Manufacturing Processors Hardware Market Size, by Country/Region, 2018-2027 ($Million) 
Table 16 Global AI in Manufacturing Market Size, by Technology, 2018-2027 ($Million) 
Table 17 Global Machine Learning for Manufacturing Market Size, by Country/Region, 2018-2027 ($Million) 
Table 18 Global Computer Vision for Manufacturing Market Size, by Country/Region, 2018-2027 ($Million) 
Table 19 Global Natural Language Processing for Manufacturing Market Size, by Country/Region, 2018-2027 ($Million) 
Table 20 Global Context-Aware Computing for Manufacturing Market Size, by Country/Region, 2018-2027 ($Million) 
Table 21 Global AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 22 Global AI in Manufacturing Market Size for Predictive Maintenance & Machinery inspection, by Country/Region, 2018-2027 ($Million) 
Table 23 Global AI in Manufacturing Market Size for Quality Management, by Country/Region, 2018-2027 ($Million) 
Table 24 Global AI in Manufacturing Market Size for industrial Robot, by Country/Region, 2018-2027 ($Million) 
Table 25 Global AI in Manufacturing Market Size for Production Planning, by Country/Region, 2018-2027 ($Million) 
Table 26 Global AI in Manufacturing Market Size for Material Handling, by Country/Region, 2018-2027 ($Million) 
Table 27 Global AI in Manufacturing Market Size for Cybersecurity, by Country/Region, 2018-2027 ($Million) 
Table 28 Global AI in Manufacturing Market Size for Field Services, by Country/Region, 2018-2027 ($Million) 
Table 29 Global AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 30 Global AI in Manufacturing Market Size for Automotive Industry, by Country/Region, 2018-2027 ($Million) 
Table 31 Global AI in Manufacturing Market Size for Heavy Metals & Machine Manufacturing Industry, by Country/Region, 2018-2027 ($Million) 
Table 32 Global AI in Manufacturing Market Size for Energy & Power Industry, by Country/Region, 2018-2027 ($Million) 
Table 33 Global AI in Manufacturing Market Size for Semiconductors & Electronics Industry, by Country/Region, 2018-2027 ($Million) 
Table 34 Global AI in Manufacturing Market Size for Food & Beverages Industry, by Country/Region, 2018-2027 ($Million) 
Table 35 Global AI in Manufacturing Market Size for Medical Devices Industry, by Country/Region, 2018-2027 ($Million) 
Table 36 Global AI in Manufacturing Market Size for Pharmaceuticals Industry, by Country/Region, 2018-2027 ($Million) 
Table 37 Global AI in Manufacturing Market, by Country/Region, 2018-2027 ($Million) 
Table 38 North America: AI in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million) 
Table 39 North America: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 40 North America: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 41 North America: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 42 North America: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 43 North America: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 44 North America: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 45 North America: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 46 U.S.: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 47 U.S.: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 48 U.S.: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 49 U.S.: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 50 U.S.: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 51 U.S.: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 52 U.S.: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 53 Canada: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 54 Canada: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 55 Canada: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 56 Canada: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 57 Canada: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 58 Canada: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 59 Canada: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 60 Europe: AI in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million) 
Table 61 Europe: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 62 Europe: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 63 Europe: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 64 Europe: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 65 Europe: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 66 Europe: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 67 Europe: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 68 U.K.: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 69 U.K.: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 70 U.K.: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 71 U.K.: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 72 U.K.: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 73 U.K.: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 74 U.K.: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 75 Germany: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 76 Germany: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 77 Germany: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 78 Germany: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 79 Germany: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 80 Germany: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 81 Germany: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 82 France: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 83 France: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 84 France: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 85 France: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 86 France: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 87 France: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 88 France: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 89 Italy: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 90 Italy: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 91 Italy: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 92 Italy: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 93 Italy: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 94 Italy: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 95 Italy: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 96 Spain: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 97 Spain: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 98 Spain: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 99 Spain: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 100 Spain: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 101 Spain: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 102 Spain: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 103 RoE: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 104 RoE: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 105 RoE: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 106 RoE: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 107 RoE: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 108 RoE: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 109 RoE: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 110 Asia Pacific: AI in Manufacturing Market Size, by Country/Region, 2018-2027 ($Million) 
Table 111 Asia Pacific: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 112 Asia Pacific: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 113 Asia Pacific: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 114 Asia Pacific: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 115 Asia Pacific: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 116 Asia Pacific: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 117 Asia Pacific: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 118 China: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 119 China: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 120 China: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 121 China: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 122 China: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 123 China: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 124 China: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 125 India: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 126 India: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 127 India: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 128 India: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 129 India: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 130 India: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 131 India: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 132 Japan: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 133 Japan: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 134 Japan: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 135 Japan: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 136 Japan: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 137 Japan: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 138 Japan: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 139 South Korea: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 140 South Korea: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 141 South Korea: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 142 South Korea: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 143 South Korea: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 144 South Korea: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 145 South Korea: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 146 RoAPAC: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 147 RoAPAC: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 148 RoAPAC: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 149 RoAPAC: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 150 RoAPAC: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 151 RoAPAC: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 152 RoAPAC: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 153 Latin America: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 154 Latin America: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 155 Latin America: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 156 Latin America: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 157 Latin America: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 158 Latin America: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 159 Latin America: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 160 MEA: AI in Manufacturing Market Size, by Component, 2018-2027 ($Million) 
Table 161 MEA: AI in Manufacturing Hardware Market Size, by Type, 2018-2027 ($Million) 
Table 162 MEA: AI in Manufacturing Software Market Size, by Type, 2018-2027 ($Million) 
Table 163 MEA: AI in Manufacturing Services Market Size, by Type, 2018-2027 ($Million) 
Table 164 MEA: AI in Manufacturing in Market Size, by Technology, 2018-2027 ($Million) 
Table 165 MEA: AI in Manufacturing Market Size, by Application, 2018-2027 ($Million) 
Table 166 MEA: AI in Manufacturing Market Size, by Industry Vertical, 2018-2027 ($Million) 
Table 167 Recent Developments, by Company, 2016-2019 

List of Figures

Figure 1 Key Stakeholder 
Figure 2 Research Process 
Figure 1 Key Secondary Sources 
Figure 2 Key Executives Interviewed 
Figure 3 Breakdown of Primary Interviews (Supply Side & Demand Side) 
Figure 4 Primary Research Techniques 
Figure 5 Market Size Estimation 
Figure 6 Key Insights 
Figure 7 Software Segment Expected to Dominate the Global AI in Manufacturing Market, by Component (2020-2027) 
Figure 8 Machine Learning Expected to Dominate the Global AI in Manufacturing Market, by Technology (2020-2027) 
Figure 9 Predictive Maintenance & Machinery Inspection Expected to Dominate the Global AI in Manufacturing Market, by Application (2020-2027) 
Figure 10 Automotive Sector Expected to Dominate the Global AI in Manufacturing Market, by Industry Vertical (2020-2027) 
Figure 11 Geography Snapshot: AI in Manufacturing Market 
Figure 12 Market Dynamics 
Figure 13 Key Innovations in AI in Manufacturing Industry 
Figure 14 Global AI in Manufacturing Market Size, by Component, 2020-2027 ($Million) 
Figure 15 Global AI in Manufacturing Market Size, by Technology, 2020-2027 ($Million) 
Figure 16 Global AI in Manufacturing Market Size, by Application, 2020-2027 ($Million) 
Figure 17 Advantages of Predictive Maintenance in Manufacturing Industries 
Figure 18 Cybersecurity in Manufacturing Industries Applications 
Figure 19 Field Services in Manufacturing Industry Applications 
Figure 20 Global Artificial Intelligence in Manufacturing Market Size, by Industry Vertical, 2020-2027 ($Million) 
Figure 21 Advantage of AI in Automotive Manufacturing Operations 
Figure 22 Advantage of AI in Heavy Metals & Machinery Manufacturing Operations 
Figure 23 Advantage of AI in Food & Beverage Manufacturing Operations 
Figure 24 Global AI in Manufacturing Market Size, by Geography, 2020-2027 ($Million) 
Figure 25 North America: Artificial Intelligence in Manufacturing Market Snapshot 
Figure 26 Europe: Artificial Intelligence in Manufacturing Market Snapshot 
Figure 27 Asia-Pacific: Artificial Intelligence in Manufacturing Market Snapshot 
Figure 28 Key Growth Strategies Adopted by Leading Players, 2016-2020 
Figure 29 Artificial Intelligence in Manufacturing: Competitive Benchmarking 
Figure 30 Alphabet, Inc.: Financial Overview (2016-2018) 
Figure 31 IBM Corporation: Financial Overview (2016-2018) 
Figure 32 Intel Corporation: Financial Overview (2016-2018) 
Figure 33 Microsoft Corporation: Financial Overview (2016-2018) 
Figure 34 NVidia Corporation: Financial Overview (2017-2019) 
Figure 35 Oracle Corporation: Financial Overview (2017-2019) 
Figure 36 Amazon Web Services, Inc.: Financial Overview (2016-2018) 
Figure 37 Siemens AG: Financial Overview (2016-2018) 
Figure 38 General Electric Company: Financial Overview (2016-2018) 
Figure 39 Sap SE: Financial Overview (2016-2018) 
Figure 40 Robert Bosch GmbH: Financial Overview (2016-2018) 
Figure 41 Cisco Systems, Inc.: Financial Overview (2016-2018) 
Figure 42 Rockwell Automation, Inc.: Financial Overview (2017-2019) 
Figure 43 Advanced Micro Devices, Inc.: Financial Overview (2017-2019) 

COVID-19

This report provides pre & post COVID-19 market estimates

Download sample here

Artificial Intelligence in Manufacturing Market is expected to reach $18.8 billion by 2027, at a CAGR of 41.2% during the forecast period of 2020 to 2027. The advent of industrial 4.0, increasing huge & complex amounts of dataset, and rising adoption of industrial IoT in manufacturing industry the key factors driving the growth of artificial intelligence in manufacturing market. However, lack of infrastructure & high procurement operating costs in various countries obstructs the growth of this market to some extent.

Impact of COVID-19 on AI in Manufacturing Market

Owing to the COVID-19 pandemic, several manufacturers across the globe are currently confronting grave challenges and will likely face continued downward pressure on the demand, production, and revenues as the COVID-19 intensifies in later 2020. Further, industries such as automobile, semiconductors & electronics and heavy metals & machine manufacturing are facing concerns regarding the availability of raw materials as manufacturers have temporarily closed their factories or minimized production output.

According to a survey conducted by the National Association of Manufacturers (NAM) stated that around 78.0% of manufacturers anticipate a financial impact and 35.5% of them are facing supply chain disruptions due to COVID-19. Owing to this, companies, manufacturing units, and factories have certainly sidetracked their ideas of digital transformation strategies, including equipping manufacturing units with artificial intelligence technology. Several AI and automation experts suggest manufacturers should invest in advanced technologies, such as AI for remote capabilities in operations, process automation, industrial robots, predictive maintenance & machinery inspection, and autonomous materials movement to decrease worker density throughout their operations. Besides, governments also launched favorable initiatives, such as tax exemptions, lowering corporate interest rates, and incentive programs promoting investment in the private sector.

Based on geography, countries in the EU are most affected by COVID-19 followed by the U.S. However, China is showing recovery from the pandemic and is currently showing some positive signs for the manufacturing industry. With the help of positive government policies, such as reduction & ease in interest rate, exceptions in tax, and several financial packages for industries which will not affect the demand and supply chain function along with growing demand of medical devices due to shortage & excess used during this health emergency are showing some positive sign and expected to make strong investments in technological upgradations and incorporate AI in manufacturing market. In addition, the adoption of innovative technologies, including artificial intelligence coupled with increasing investment in modern technologies, and increasing demand for automation particularly in manufacturing industry to overcome shortage of workers and presence of minimum employee as per the guidelines for COVID-19 pandemic is expected to help the demand for AI in manufacturing technology.

Promising Government Initiatives & Investments in Developing Nations Fuels the Growth of the Global Artificial Intelligence in Manufacturing Market

At present, an ever-growing set of government regulations is impacting almost every organization including public companies as well as single suppliers. However, in developing nations, there are a variety of limitations that affect the adoption of AI-based solutions and services for the manufacturing industries. Therefore, the use of digital government strategy, platforms, and initiatives helps leaders to achieve designated objectives in line with serving the people efficiently. For instance, in 2017, to keep pace with the fast evolution and automation in the era of the industrial 4.0 revolution, in South Korea, the Ministry of Trade, Industry, and Energy (MOTIE) announced to increase the number of domestic smart factories around 30,000 operating with the latest digital and analytical technologies by 2025. Further, by 2020, the South Korean government will incentivize companies focused on developing technology related to smart factories by injecting $189.3 million into research and development projects. Such initiatives are bringing the industry verticals to bridge intelligent based solutions for manufacturing operations through industrial robotics and artificial intelligence. Thus, government initiatives towards the adoption of technologies & policies promoting digitization, especially in developing nations, is one of the key factors expected to fuel the growth of global automotive artificial intelligence in the coming years.

Key Findings in the Artificial Intelligence in Manufacturing Market Study:

AI software segment dominated the global artificial intelligence in manufacturing market in 2018

Based on components, the AI software segment commanded the largest share of the overall artificial intelligence in manufacturing market in 2018. The growing usage of learning analytics, growing acceptance of assistants driven by machine learning, NLP, computer vision techniques and an increase in demand for AI platforms for manufacturing operations. However, the service segment is expected to grow with the fastest CAGR during the forecast period, owing to the increasing demand for cloud services for manufacturing operations, field services, software services, remote maintenance services, technical support & training services, and maintenance & support services, integration services.

Machine learning technology to witness the largest demand through 2027

Based on the technology, the machine learning technology segment commanded the largest share in 2018. This is primarily attributed to increasing demand for predictive maintenance & machinery inspection, material handling, production planning and an increase in unstructured data generated by the manufacturing industry. However, computer vision technology is projected to grow the fastest CAGR during the forecast period, owing to the increasing demand from end-users for higher quality products, increasing demand to eliminate the maintenance time and costs associated with wear and tear on mechanical components.

Predictive maintenance & machinery inspection application commanded the largest share of the market in 2019

Based on applications, the predictive maintenance & machinery inspection application commanded the largest share of the overall AI in manufacturing market in 2018, to increasing demand for self-monitoring, improve production capacity, and minimizing unplanned downtime, and manufacturing issues in real-time. Besides, increasing demand for reduced costs related to operating heavy equipment, growing demand for anomaly detection, root cause analysis will result in the predictive maintenance & machinery inspection application emerging as the fastest-growing segment during the forecast period. For instance, in 2019, Siemens AG partnered with Presenso in AI & ML for predictive asset maintenance. This partnership support Siemens operations & maintenance services with its real-time industrial analytics solution.

The automotive sector is projected to grow with the fastest CAGR during the forecast period

Based on industry vertical, the automotive sector commanded the largest share of the overall AI in manufacturing market in 2018. The growing demand for autonomous vehicles, adoption of advanced automotive solutions for quality management, increase demand for production monitoring, predictive maintenance & machinery inspection. For instance, in 2019, Amazon Web Services, Inc. partnered with Volkswagen join forces to transform automotive manufacturing that will power the Volkswagen industrial cloud, automating all automobile manufacturing and logistics processes.

Asia-Pacific: The fastest-growing regional market

North America commanded the largest share of the overall artificial intelligence in manufacturing market in 2018, followed by Europe, Asia Pacific, Latin America, and Middle East and Africa. However, Asia-Pacific is expected to witness rapid growth during the forecast period. The rapid growth of this region is mainly driven by increasing investment by technology leaders in this region, increasing digitization and favorable government initiatives to promote the adoption of advanced technologies in developing countries such as India, South Korea, and China.

Key Players

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the artificial intelligence in manufacturing market over the last four years (2017-2020). The key players profiled in the global artificial intelligence in manufacturing market are Alphabet, Inc. (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.), Oracle Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Siemens AG (Germany), General Electric Company (U.S.), SAP SE (Germany), Robert Bosch GmbH (Germany), Cisco Systems, Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Advanced Micro Devices, Inc. (U.S.), and Sight Machine, Inc. (U.S.).

Scope of the report

Artificial Intelligence in Manufacturing Market by Component                             

  • Hardware
    • Processors
    • Networking Solutions
    • Memory Solutions
  • Software
    • AI Platforms
    • AI Solutions
  • Services
    • Deployment & Integration
    • Support & Maintenance

Artificial Intelligence in Manufacturing Market by Technology                 

  • Machine Learning
  • Natural Language Processing
  • Context-Aware Computing
  • Computer Vision

Artificial Intelligence in Manufacturing Market by Industry Vertical                  

  • Semiconductors & Electronics
  • Energy & Power
  • Pharmaceuticals
  • Medical Devices
  • Automotive
  • Heavy Metals & Machine Manufacturing
  • Food & Beverages

Artificial Intelligence in Manufacturing Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
  • The Middle East & Africa

Key questions answered in the report:

Artificial intelligence is a core element of manufacturing industries that are used to optimize manufacturing supply chains, and help organizations anticipate market changes. AI in manufacturing industry enables engineers to systematically develop and deploy AI components for optimizing operational efficiency and boost profitability. The artificial intelligence in manufacturing market involves the value and demand analysis of various segments and sub-segments of AI in manufacturing industries at the regional and country level.
The global artificial intelligence in manufacturing market projected to reach $18.8 billion by 2027 from $1.3 billion in 2020 at a CAGR of 41.2% during the forecast period.
Based on components, the AI software segment commanded the largest share of the overall artificial intelligence in manufacturing market in 2018. However, the AI services are projected to grow the fastest CAGR during the forecast period.
Based on industry vertical, the automotive sector commanded the largest share of the overall AI in manufacturing market in 2018.
The advent of industrial 4.0, increasing huge & complex amounts of dataset and rising adoption of industrial IoT in manufacturing industries are the major factors driving the growth of artificial intelligence in manufacturing market.
Lack of infrastructure & high procurement operating costs in various countries is one of the major restraints in the market.
Growth in operational productivity in manufacturing operations, rising demand for AI-based applications, growing usage of computer vision in manufacturing and rising adoption of 5g technology are some of the major opportunities and trends for the artificial intelligence in manufacturing players.
Some of the key players operating in the global artificial intelligence in manufacturing market are Alphabet, Inc. (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.), Oracle Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Siemens AG (Germany), General Electric Company (U.S.), SAP SE (Germany), Robert Bosch GmbH (Germany), Cisco Systems, Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Advanced Micro Devices, Inc. (U.S.), and Sight Machine, Inc. (U.S.).
Some of the high growth countries in the market are the U.S., Germany, the U.K., China, Japan, and South Korea.
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Tags: Artificial Intelligence AI Techcnologies Industrial AI
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